Despite the last swing trying to break the last big head and shoulder, the price seems to be declining after the 200 EMA breakout to the downside on the 4 hour chart. We could easily test again the neckline and touch it at around 8.5k, but let´s see, even if we touch it the chances are still to resume the downtrend due to the bear flag confirmation on the 4 hour chart.
I made a ghost project to where it could be a nice level to make a good profitable entry at around 6k.
Good luck!
I made a ghost project to where it could be a nice level to make a good profitable entry at around 6k.
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.